Ontario Agriculture Minister Lisa Thompson announced renewal of the Rural Economic Development subsidies for another year.
Last year the government backed 61 projects with $3.8 million.
Thompson said this year’s funding will support initiatives that address barriers to economic development and position rural communities for economic growth and job creation, such as marketing and outreach campaigns to grow rural Ontario’s workforce, connecting youth and apprentices to job opportunities and placements and creating dedicated spaces such as innovation hubs and youth centres to develop partnerships and foster innovation.
Applications for the new targeted RED intake will be accepted from February 7, 2022 to March 7, 2022.
Projects in the Economic Diversification and Competitiveness stream are eligible for up to 70 per cent cost share, up to a maximum of $150,000 per approved project.
Projects in the Strategic Economic Infrastructure Stream are eligible for up to 50 per cent cost share, up to a maximum of $250,000 per approved project.
